ACCA Paper F6 Taxation Complete Text Finance Act 2015 for September 2016 to March 2017 examination sittings British library cataloguinginpublication data A catalogue record for this book is available from the British Library. Published by: Kaplan Publishing UK Unit 2 The Business Centre Molly Millars Lane Wokingham Berkshire RG41 2QZ ISBN 9781784152147 © Kaplan Financial Limited, 2016 The text in this material and any others made available by any Kaplan Group company does not amount to advice on a particular matter and should not be taken as such. No reliance should be placed on the content as the basis for any investment or other decision or in connection with any advice given to third parties. Please consult your appropriate professional adviser as necessary. 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No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Kaplan Publishing. ii KAPLAN PUBLISHING Contents Page Chapter The UK tax system Chapter Basic income tax computation 19 Chapter Property and investment income 67 Chapter Employment income 117 Chapter Income from selfemployment 181 Chapter Capital allowances: Plant and machinery 221 Chapter Sole traders: Basis of assessment 273 Chapter Partnerships 295 Chapter Trading losses for individuals 317 Chapter 10 Pensions 357 Chapter 11 National insurance 387 Chapter 12 Tax administration for individuals 413 Chapter 13 Computation of gains and tax payable 453 Chapter 14 Computation of gains: Special rules 475 Chapter 15 CGT: Shares and securities for individuals 511 Chapter 16 CGT: Reliefs for individuals 537 Chapter 17 Inheritance tax 595 Chapter 18 Introduction to corporation tax 653 Chapter 19 Taxable total profits 669 Chapter 20 Chargeable gains for companies 711 Chapter 21 Losses for companies 749 Chapter 22 Groups of companies 785 Chapter 23 Tax administration for a company 819 KAPLAN PUBLISHING iii iv Chapter 24 VAT: Outline 841 Chapter 25 VAT: Administration and overseas aspects 881 Chapter 26 Questions & Answers 911 KAPLAN PUBLISHING chapter Intro Paper Introduction v How to Use the Materials These Kaplan Publishing learning materials have been carefully designed to make your learning experience as easy as possible and to give you the best chance of success in your examinations. 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Objectives of the syllabus viii • Explain the operation and scope of the tax system and the obligations of taxpayer and/or their agents and the implications of noncompliance • Explain and compute the income tax liabilities of individuals and the effect of national insurance contributions on employees, employers and the selfemployed • • • Explain and compute the chargeable gains arising on individuals • Explain and compute the effects of value added tax on incorporated and unincorporated businesses Explain and compute the inheritance tax liabilities of individuals Explain and compute the corporation tax liabilities of individual companies and groups of companies KAPLAN PUBLISHING ... – Helpful tutor tips. Expandable Text – Within this complete text and in the online version expandable text provides a more detailed explanation of key terms. These sections are printed in the text, and appear hidden in the online version but ... Ask your local customer services staff if you are not already a subscriber and wish to join. Syllabus Paper background The aim of ACCA Paper F6, Taxation, is to develop knowledge and skills relating to the tax system as applicable to individuals, single companies and ... Detailed study guide and syllabus objectives (2) Description of the examination (3) Study skills and revision guidance (4) Complete text or essential text (5) Question practice The sections on the study guide, the syllabus objectives, the examination and